From NY Post: Activist investor Bill Ackman finally has a friend in his
Herbalife fight. Famed short seller Jim
Chanos yesterday voiced his support for Ackman’s short position — and revealed
he made money from shorting the Los Angeles-based company last year.
“I think Bill Ackman is correct in his analysis” of
Herbalife, Chanos said in a TV interview.
“I’m not crazy for this multi-level-marketing business,” Chanos added.
Chanos was referring to the business model of Herbalife, the
weight loss and nutritional supplements company Ackman is shorting.
Hours after someone finally got Ackman’s back in his $1
billion bet against Herbalife, his No. 1 antagonist amped up the battle….
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